2023 38th Edition: January 16th - January 20th

On the Cutting Edge

As we leave behind a successful 2022 and embark on the new year, the Partnership is preparing for a fresh start, focusing on opportunities in emerging economies such as Life Sciences, Semi-Conductor supply chain, and Clean Energy. Globalization has connected communities and economies at unprecedented magnitudes. Offshore manufacturing is changing, leading us to focus on new ways to aggressively recruit through leads–sector specific business recruitment efforts with an emphasis on geotargeted marketing, site selector interaction, and advocacy for site preparedness.

The Semi-Conductor and Chip Fab activity taking place along the I-90 Corridor may seem distant from Orange County, but in our discussions with site-selectors within those industry sectors and given our proximity between the Capital Region and NYC Metro, we are positioned well to attract significant supply chain projects that don’t need to be adjacent to a Chip Fab site. 

Federal support for Clean Energy products through the Inflation Reduction Act has led to more interest from companies in the clean energy sector. We are already working leads with battery production, solar cells, offshore wind component manufacturing and other opportunities that we believe will escalate throughout 2023.

With the above opportunities in mind, site readiness is paramount. At this moment, we’re tracking in excess of 10 million square feet of development in Orange County. New sites continue to come on the market of various sizes ranging from 80,000 to approximately 1 million square feet. The abundance of building product puts us, as economic developers, in a position to be proactive. As other regions fall behind in site inventory, we continue to see new product enter the market – allowing us to offer speed to help satisfy tenant demand.

In an effort to better understand exactly what we need to compete for transformational projects we are meeting with National Site Selectors who specialize in Advanced Technology, directly asking questions and making assessments on what we need to compete. It always comes down to infrastructure and the need to make those investments our highest priority.  

We enter this year with a sense of optimistic urgency – the time to seize the opportunity to compete in innovative sectors is now. More to come…

My very best,

Maureen Halahan

President & CEO

Genting and local officials cut the ribbon on Resorts World Hudson Valley in Newburgh.

The increased traffic at the Newburgh Mall generated by Resorts World Hudson Valley is expected to draw new tenants to the property.

Resorts World Hudson Valley Gaming Facility Gives Troubled Newburgh Mall New Life

The opening of the Resorts World Hudson Valley video gaming machine (VGM) facility at the Newburgh Mall in Orange County on Dec. 28 is bringing hundreds of new full-time jobs and significant tax revenue for the area, but business leaders are hoping for so much more.


Executives from Genting, which owns the casino, were on hand for the celebration, along with local elected officials, including Orange County Executive Steve Neuhaus, and community leaders at the ribbon cutting ceremony. Genting also owns Resorts World Catskills, a casino located in Monticello and another VGM facility—Resorts World New York City at Aqueduct Racetrack in Queens.

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NY State Begins Process to Approve Mega Downstate New York City Area Casinos

The prospect of downstate casinos in the New York metro area just got serious and those who seek these lucrative full-gaming licenses will have to possess very deep pockets that will fund at the least $1 billion in investment.


The New York State Gaming Facility Location Board issued Request for Applications on Jan. 3 for up to three downstate casino licenses in the New York metro region. The application fee is $1 million. The licensing fee has been set at $500 million and the minimum investment for any casino proposal’s approval is $500 million.

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Resorts World Catskills

The Milk Factory in Walden, NY Rendering

Photo Credit: The Milk Factory

The Milk Factory Co-Work Space & Gallery Rendering

Photo Credit: The Milk Factory

Milk Factory Redevelopment Project in Walden Secures $1.5-Million ESD Grant

New York State officials announced recently that the imaginative Milk Factory redevelopment project in the Village of Walden has secured a $1.5-million Empire State Development grant.


The funding is part of the Gov. Kathy Hochul’s Regional Economic Development Council initiative. The Milk Factory is an adaptive reuse of the iconic Borden Milk Condensery. Constructed in 1884, the 20-acre property that will become the Milk Factory features 12 contiguous brick structures with elegant brick masonry, now in ruins after a fire and neglect.

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Guest Column:

We Can't Keep Going This Way: Affordable Housing is a Critical Building Block for Economic Development

The Hudson Valley, and New York State are in an acute housing crisis. The rents are too damn high—and why? Because not enough affordable housing is being built in the region.


With home ownership increasingly out of reach, folks can no longer afford to stay and live in the Hudson Valley. Who loses when our young who were educated and grew up here move out because most elected leaders in the region are shortsighted, even myopic about the subject of affordable housing?


By the way, I don’t want to hear this town or that village allowed a 55-plus housing project be built, and that’s their answer to the Affordable Housing crisis. The 55-plus housing stock while needed, is usually a political dodge to sidestep the third rail issue that affordable housing has become.


What are our local officials so afraid of?

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Paul Adler

REALTOR®, Chief Strategy Officer, SIOR, NYRE Associate Broker, NJ Broker Salesperson, CT Salesperson - Rand Commercial

Gov. Kathy Hochul gave her State of the State Address to the State Legislature on Jan. 10 in Albany.

Aerial view of Downtown Albany, NY

Gov. Hochul Unveils Ambitious Housing Plan

To Build 800,000 New Units in the Next Decade

In her 2023 State of the State address on Jan. 10 in Albany, New York Gov. Kathy Hochul outlined key initiatives to reduce crime and gun violence, enhance mental health services and address the affordability crisis in the state.


The governor introduced her “New York Housing Compact,” a groundbreaking strategy to catalyze housing development that has a goal of creating 800,000 new units in the next decade. She said the state will provide assistance to localities to meet the housing goal by offering “substantial new funding for infrastructure like schools, roads, and sewers needed to support growing communities.”

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